Categories: Business

Al-Hogail Thanks the Leadership for the Council of Ministers’ Approval of the Updated Regulation for Non-Saudis’ Ownership of Real Estate

RIYADH, Saudi Arabia, July 10, 2025 /PRNewswire/ — His Excellency Mr. Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing, and Chairman of the Real Estate General Authority (REGA), extended his sincere gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince on the Council of Ministers’ approval of the updated regulation on non-Saudis’ ownership of real estate, during its session held on Tuesday, 8/07/2025.

- Advertisement -
His Excellency explained that the Council of Ministers’ approval of the updated regulation at this time is a continuation of the real estate legislative reforms aimed at developing the sector and promoting foreign direct investment. This will contribute to increasing the supply of real estate by attracting investors and real estate development companies to the Saudi market, thereby supporting efforts to achieve a more balanced real estate ecosystem.

He added that the regulation carefully considers all economic and investment aspects, and allows real estate ownership under specific ownership conditions in Makkah and Madinah.

- Advertisement -

He noted that the updated regulation permits both individuals and legal entities—including residents with legal status in the Kingdom as well as non-residents—to own real estate within Saudi Arabia, in accordance with specific regulations and conditions.

- Advertisement -

According to the updated regulation, REGA is entrusted with proposing the geographical areas in which non-Saudis may own real estate or acquire other real rights. REGA will publish the executive regulations of the updated system on the Public Consultation Platform (Istitlaa) within 180 days from the date of its publication in the Official Gazette. The regulation is scheduled to come into effect in January 2026, as stipulated. The executive regulations will outline the procedures for non-Saudis to acquire real estate rights, the requirements for enforcing the regulation’s provisions on non-Saudis, and all relevant implementation details, taking into account economic and social dimensions.

- Advertisement -

It is also worth noting that the updated regulation aligns with the provisions of the Premium Residency Law, the regulations governing real estate ownership by citizens of the Gulf Cooperation Council (GCC) member states for the purposes of residence and investment, and other applicable laws that grant non-Saudis privileges to own real estate and acquire other related rights.

- Advertisement -

View original content:https://www.prnewswire.co.uk/news-releases/al-hogail-thanks-the-leadership-for-the-council-of-ministers-approval-of-the-updated-regulation-for-non-saudis-ownership-of-real-estate-302502588.html

- Advertisement -
PRNW Agency

Recent Posts

OTTplay and Studio Jadu Announce Partnership to Syndicate AIEnabled Animated Series

OTTplay, India’s leading OTT aggregation platform, today announced a strategic partnership with Studio Jadu to…

3 hours ago

Xposure Marks 10 Years of Visual Storytelling with Stellar Global Artists

SHARJAH, UAE, Nov. 24, 2025 /PRNewswire/ -- Xposure's International Photography and Film Festival unites 420…

6 hours ago

STAGWELL (STGW) REVEALS NEW SINGAPORE HUB TO POWER AI-DRIVEN GROWTH AND INNOVATION ACROSS APAC

New hub, located at Solaris @ one north, brings together Stagwell's agencies across creativity, media,…

6 hours ago

The Bicester Collection announces the Winners of the Unlock Her Future Prize 2025 – South Asia Edition

Representing Bangladesh, India, Nepal, Pakistan and Bhutan, six bold innovators are advancing inclusive solutions that…

6 hours ago

Terra Madre Asia & Pacific 2025 strengthens communities and advocates for sustainable food systems

BACOLOD CITY, Philippines, Nov. 24, 2025 /PRNewswire/ -- Terra Madre Asia & Pacific 2025 marked…

6 hours ago

Rakovina Therapeutics Showcases Compelling Preclinical Data on AI-Discovered CNS-Penetrant ATR/mTOR Inhibitors at the 2025 Society for Neuro-Oncology Annual Meeting

VANCOUVER, British Columbia, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Rakovina Therapeutics Inc. (“Rakovina” or the…

7 hours ago